Fleetcor Rises On Unusually High Volume (FLT)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Fleetcor Technologies (NYSE: FLT) is trading at unusually high volume Thursday with 1.6 million shares changing hands. It is currently at 2.5 times its average daily volume and trading up $1.51 (+2.2%) at $71.25 as of 2:57 p.m. ET.

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Fleetcor has a market cap of $5.64 billion and is part of the services sector and diversified services industry. Shares are up 28.3% year to date as of the close of trading on Wednesday.

FleetCor Technologies, Inc. provides fuel cards and workforce payment products and services to businesses, commercial fleets, oil companies, petroleum marketers, and government entities in North America, Latin America, and Europe. The company has a P/E ratio of 27.6, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Fleetcor as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Fleetcor Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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